Lender-Placed or Force-Placed Insurance on Home Mortgages

Overview & Oversight Issues

Buch | Softcover

60 Seiten

2016
Nova Science Publishers Inc (Verlag)
978-1-63484-737-7 (ISBN)

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Mortgage servicers use lender-placed insurance (LPI) to protect the collateral on mortgages when borrower-purchased homeowners or flood insurance coverage lapses. The 2007-2009 financial crisis resulted in an increased prevalence of LPI. Because LPI premiums are generally higher than those for borrower-purchased coverage, state insurance regulators and consumer groups have raised concerns about costs to consumers. This book addresses the extent to which LPI is used; stakeholder views on the cost of LPI; and state and federal oversight of LPI. Furthermore, this book evaluates the financial impact of the LPI market upon Fannie Mae and Freddie Mac (collectively, the Enterprises); and determines whether the Federal Housing Finance Agency (FHFA), in its role as the Enterprises' conservator, should undertake additional LPI-related actions.

Preface; Lender-Placed Insurance: More Robust Data Could Improve Oversight; FHFAs Oversight of the Enterprises Lender-Placed Insurance Costs; Index.

Erscheinungsdatum	06.04.2016
Verlagsort	New York
Sprache	englisch
Maße	155 x 230 mm
Gewicht	130 g
Themenwelt	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Versicherungsbetriebslehre
ISBN-10	1-63484-737-7 / 1634847377
ISBN-13	978-1-63484-737-7 / 9781634847377
Zustand	Neuware